Honeywell Flour Mills Plc reported a pre-tax revenue of N7.7 billion for the 9 months ended December 2025.
Though the corporate remained worthwhile, this end result represents a decline in comparison with the N12.2 billion pre-tax revenue recorded in the identical interval of 2024.
Of the entire determine, the third quarter contributed N5.1 billion in pre-tax revenue, down from N8.8 billion recorded within the third quarter ended December 2024.
The decline was primarily on account of decrease income, as nine-month gross sales decreased from N277 billion to N242 billion in FY2025, alongside larger working and finance prices.
In response to the {financial} statements, the corporate recorded nine-month income of N242 billion, representing a 12.65% year-on-year decline.
After accounting for the price of gross sales of N220.5 billion, gross revenue stood at N21.4 billion.
Working prices elevated in the course of the interval, primarily on account of larger promoting and distribution bills, which rose to N14.05 billion from N8.9 billion.
Finance prices amounted to N4.7 billion, whereas finance earnings stood at N4.5 billion.
After this stuff have been accounted for, pre-tax revenue decreased to N7.7 billion from N12.2 billion. Following a tax cost of N1.5 billion, revenue after tax settled at N6.2 billion.
For the 9 months ended December 2025, the corporate reported whole belongings of N152.2 billion, down from N167.4 billion in March 2025.
On the fairness facet, shareholders’ fairness elevated to N43.6 billion, representing a 16.57% year-on-year progress.
Positively, the corporate decreased its general obligations, as whole liabilities declined to N108.6 billion from N130 billion a yr earlier.
This discount was largely pushed by decrease commerce and different payables, which fell from N87.7 billion to N74.3 billion, in addition to declines in each non-current and present borrowings
Honeywell Flour Mills remained worthwhile from April to December 2025, however earnings declined in comparison with the earlier yr on account of decrease income and better bills.
On a year-to-date foundation, the corporate’s share value is up 1.14%, presently buying and selling at N22.15.
